Yousif Capital Management LLC Reduces Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Yousif Capital Management LLC cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,337 shares of the construction company’s stock after selling 89 shares during the period. Yousif Capital Management LLC’s holdings in Simpson Manufacturing were worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its holdings in Simpson Manufacturing by 309.3% during the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after purchasing an additional 364,910 shares during the last quarter. FMR LLC raised its holdings in shares of Simpson Manufacturing by 48.6% in the third quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock worth $157,473,000 after buying an additional 343,986 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Simpson Manufacturing by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock worth $88,679,000 after acquiring an additional 140,401 shares during the last quarter. Comerica Bank boosted its holdings in Simpson Manufacturing by 669.6% during the 3rd quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock valued at $19,766,000 after acquiring an additional 114,795 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its position in Simpson Manufacturing by 1,190.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 34,840 shares of the construction company’s stock valued at $5,219,000 after acquiring an additional 32,140 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SSD. Robert W. Baird lifted their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $173.61 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 21.76 and a beta of 1.30. The company’s 50 day moving average is $195.70 and its 200 day moving average is $179.30. Simpson Manufacturing Co., Inc. has a 52-week low of $117.08 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. During the same period last year, the firm earned $2.05 earnings per share. Simpson Manufacturing’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Insider Transactions at Simpson Manufacturing

In related news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders sold a total of 3,784 shares of company stock worth $770,924 over the last three months. 0.42% of the stock is currently owned by insiders.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.